Industrial Warehouse with Business Entity of 48 Yrs in N. Houston
Texas Diamond Tools, Inc., a cutting tools manufacturer for concrete and stones, was established in Conroe, Texas in 1976. The operations were stopped in the middle of 2022 due to the labor shortage caused by Covid-19. The business entity and real estate property - including two manufacturing/warehouse buildings, are for sale. Warehouse is cleaned and ready for new tenants.
Texas Diamond Tools has 48 years of history and is without any debt, lien or lawsuits.
The real estate property is an established industrial warehouse located at 805 Hilbig Road with 218 feet along frontage road. It is located between two established businesses, the Tri-Star Document Shredding and McCulloch Auto Salvage, along with several other businesses within a five-mile radius.
Property features two metal buildings on 74,487 SQFT (1.709986 acres) of land. The first building was built in 1979 with an office space consisting of six offices for a total of 2,401 SQFT, and a manufacturing/workshop area of 6,910 SQFT. The second warehouse building consists of 5,500 SQFT and was built in 1985.
The property is located in the North Houston Metropolitan area, approximately 3 miles north of Highway 105, 1.5 miles south of Loop 336, and 3 miles east of I-45. The location is in the Growth Stage of the Growth-Stabilization-Decline-Revitalization Life Cycles.
This is an opportunity to acquire a business entity of 48 years and industrial warehouse property in a fast-growing area. Investors who are seeking the use of Qualified Opportunity Zone program to defer and potentially reduce taxes on recognized capital gains, or foreigners looking to acquire an existing company for immigration purposes can benefit from this opportunity as well.
Buyer has the option to purchase entity together or separate.
